Bleakley Financial Group LLC Sells 658,391 Shares of Sprott Physical Gold and Silver Trust $CEF

Key Points

• Bleakley Financial Group LLC reduced its stake in Sprott Physical Gold and Silver Trust by 13.6% in the first quarter, selling 658,391 shares and leaving it with 4,192,955 shares worth about $200.1 million.
• The trust remains a major holding for Bleakley, accounting for about 3.1% of its portfolio and ranking as its second-largest position.
• Other institutional investors also adjusted positions in CEF, with firms like Morgan Stanley, Jane Street Group, and Ameriprise Financial increasing their holdings during recent quarters.

Bleakley Financial Group LLC cut its stake in shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF - Free Report) by 13.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,192,955 shares of the company's stock after selling 658,391 shares during the quarter. Sprott Physical Gold and Silver Trust comprises about 3.1% of Bleakley Financial Group LLC's investment portfolio, making the stock its 2nd largest position. Bleakley Financial Group LLC owned approximately 1.95% of Sprott Physical Gold and Silver Trust worth $200,088,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. 3EDGE Asset Management LP purchased a new position in Sprott Physical Gold and Silver Trust during the fourth quarter worth $26,268,000. Morgan Stanley boosted its stake in shares of Sprott Physical Gold and Silver Trust by 9.8% during the fourth quarter. Morgan Stanley now owns 5,627,038 shares of the company's stock valued at $257,718,000 after acquiring an additional 499,996 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Sprott Physical Gold and Silver Trust by 51.8% during the second quarter. Jane Street Group LLC now owns 555,963 shares of the company's stock valued at $16,734,000 after acquiring an additional 189,669 shares during the last quarter. Private Advisor Group LLC increased its position in Sprott Physical Gold and Silver Trust by 205.2% during the 4th quarter. Private Advisor Group LLC now owns 272,148 shares of the company's stock worth $12,464,000 after purchasing an additional 182,969 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in Sprott Physical Gold and Silver Trust by 25.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 787,541 shares of the company's stock worth $23,700,000 after purchasing an additional 158,687 shares in the last quarter.

Sprott Physical Gold and Silver Trust Stock Performance

NYSEAMERICAN:CEF opened at $39.74 on Tuesday. Sprott Physical Gold and Silver Trust has a 12-month low of $30.02 and a 12-month high of $61.38. The company's 50-day moving average is $44.88 and its two-hundred day moving average is $48.30.

About Sprott Physical Gold and Silver Trust

The Sprott Physical Gold and Silver Trust NYSEAMERICAN: CEF is a closed-end investment trust that provides investors with direct exposure to physical gold and silver bullion. Established in 2019 and sponsored by Sprott Asset Management, the trust holds allocated London Good Delivery gold bars and London Silver Fix silver bars in secure vaults, offering a transparent alternative to traditional equity- or futures-based precious metals vehicles. Each trust unit represents a proportional interest in the bullion holdings, and investors gain ownership of the underlying metal without assuming the logistics of purchase, storage, or insurance.

To maintain its inventory, the trust purchases bullion through approved bullion dealers and London bullion market participants.

Want to see what other hedge funds are holding CEF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.